"legal suite"
Positioned on a prime corner lot with rear alley access in a highly accessible inner-city location near LRT train stations and downtown, this property presents an exceptional high-density redevelopment site and multi-stream investment opportunity. Designated under Calgary’s R-CG (Residential – Grade-Oriented Infill) zoning, the site offers direct potential for higher-density residential projects such as multi-unit rowhouses or townhouses with secondary suites. The corner configuration combined with full lane access streamlines project design by routing parking and vehicular entry to the rear, maximizing street frontage, optimizing lot coverage, and simplifying site planning for future construction.The existing structure provides immediate income generation across multiple hold strategies. The main level is configured with three bedrooms, a four-piece bathroom, a dedicated kitchen, and defined living and dining spaces. The lower level houses a fully legal basement suite featuring a private separate entrance, two bedrooms, a four-piece bathroom, a complete kitchen, and a living area. A shared laundry area is located in a common space for convenance between both units. Exterior features include a detached single-car garage along with substantial additional off-street parking space to accommodate multiple tenants or vehicles.This functional layout accommodates a variety of buyer profiles and investment models. An investor can immediately lease both upper and lower units to maximize rental cash flow, or hold the property while securing municipal permits for future development. An owner-occupant or renovator can choose to update the home, live on the main floor, and utilize the legal suite as a mortgage helper, or renovate both units to optimize rental yields. Proximity to transit corridors, train stations, and core downtown services ensures sustained tenant demand and long-term land value. (id:65709)
Connect with Dusko Sremac and the REPYYC × Real Broker team — Calgary REALTORS® who specialize in legal secondary suites. We verify registry, permits, and rental potential before you write an offer.
Listing content (MLS® A2335793) is courtesy of MaxWell Capital Realty, provided by the Canadian Real Estate Association (CREA) via the DDF® feed. Information is deemed reliable but not guaranteed. See MLS® / DDF® compliance & disclaimers.
Disclaimer: Listing data and suite classifications are deemed reliable but not guaranteed and should be independently verified. Always confirm the legal status of any secondary suite — including registry, permits, and code compliance — with a licensed REALTOR® (such as Dusko Sremac at REPYYC × Real Broker), the City of Calgary, and qualified professionals before making any purchase or investment decision.